UNDERGROUND GOLF HOLDING AS

0357 OSLO

Finances

Return on Equity

47,41 %

Current Ratio

2,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 500 000	3 848 000	0	0
Net Income	4 714 000	2 991 000	−47 000	−5 000
Total Assets	15 167 000	14 847 000	5 009 000	1 510 000
Total Equity	9 944 000	8 657 000	1 447 000	1 495 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 500 000	3 848 000	0	0
Expenditure	524 000	28 000	4 000	6 000
Operating Profit	1 976 000	3 820 000	−4 000	−6 000
Financial Income	4 069 000	0	0	0
Financial Costs	1 000	0	43 000	0
Financial Balance	4 068 000	0	−43 000	0
Earnings Before Tax	6 044 000	3 820 000	−47 000	−5 000
Tax	1 330 000	829 000	0	0
Net Income	4 714 000	2 991 000	−47 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 530 000	5 000 000	5 000 000	0
Total Current Assets	13 637 000	9 847 000	9 000	1 510 000
Total Assets	15 167 000	14 847 000	5 009 000	1 510 000
Total Retained Equity	2 444 000	1 157 000	−53 000	−5 000
Total Equity	9 944 000	8 657 000	1 447 000	1 495 000
Total Long-Term Debt	0	3 500 000	3 500 000	0
Total Current Debt	5 223 000	2 690 000	62 000	16 000
Total Equity and Debt	15 167 000	14 847 000	5 009 000	1 510 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 500 000	3 848 000	0	0
Other Income	0	0	0	0
Revenue	2 500 000	3 848 000	0	0
Cost of Goods Sold	−115 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	524 000	28 000	4 000	6 000
Operating Profit	1 976 000	3 820 000	−4 000	−6 000
Financial Income	4 069 000	0	0	0
Financial Costs	1 000	0	43 000	0
Financial Balance	4 068 000	0	−43 000	0
Dividends	3 427 000	534 000	0	0
Net Income	4 714 000	2 991 000	−47 000	−5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 530 000	5 000 000	5 000 000	0
Total Fixed Assets	1 530 000	5 000 000	5 000 000	0
Stock	0	0	0	0
Total Investments	5 058 000	0	0	0
Cash, Bank	4 860 000	6 007 000	9 000	10 000
Total Current Assets	13 637 000	9 847 000	9 000	1 510 000
Total Assets	15 167 000	14 847 000	5 009 000	1 510 000
Total Equity	9 944 000	8 657 000	1 447 000	1 495 000
Short-Term Group Debt	0	1 600 000	0	0
Total Long-Term Debt	0	3 500 000	3 500 000	0
Creditors	−20 000	17 000	0	0
Unpaid Taxes	62 000	0	0	0
Dividends	3 427 000	534 000	0	0
Other Current Debt	424 000	62 000	62 000	16 000
Total Current Debt	5 223 000	2 690 000	62 000	16 000
Total Equity and Debt	15 167 000	14 847 000	5 009 000	1 510 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,41 %	34,55 %	−3,25 %	−0,33 %
Debt-to-Equity Ratio	0	0,4	2,42	0
Operating Profit Margin	79,04 %	99,27 %	-	-
Current Ratio	2,61	3,66	0,15	94,38
Quick Ratio	2,61	3,66	0,15	94,38
Equity Ratio	0,66	0,58	0,29	0,99
Gross Profit Margin	104,6 %	100 %	-	-